After yesterday's referendum, here is a look at what will happen immediately following the historic vote for Britain to leave the EU.

Chief executive of carpet brand Balta, Tom Debusschere, admitted: "The important thing is no new trade barriers."

Belgium's fishing industry has expressed its own concerns about being frozen out of British waters once Theresa May eventually triggers Article 50.

Around 60 per cent of the 12,000 ton catch that the 70-strong Belgium fleets catch is fished off the British coast.

A spokesman for the Belgian fishing industry said: "Where else can we fish? There is only part of the Bay of Biscay and the Irish Sea."

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Matthias Wissmann has warned of the dangers of imposing tariffs

German car makers have also thrown their weight behind ensuring a free trade deal with Britain is struck should the UK be denied access from the single market.

Around a fifth of all cars produced in Germany last year – a staggering 820,000 vehicles – are exported to the UK, making it the single biggest market in terms of units sold.

Matthias Wissmann, president of the German Automotive industry said: "Following British departure from the EU, it will be in nobody’s interest to make the international flow of goods more expensive by erecting customs barriers between Britain and the European continent."